Zhimin Qian, 47, of China pleaded guilty Monday to charges related to money laundering. Photo courtesy of Metropolitan Police/Release
Sept. 30 (UPI) -- A 47-year-old Chinese national has pleaded guilty in Britain to a multi-billion-dollar Bitcoin scheme, according to Metropolitan Police, which said it has made what is possibly the "world's largest" cryptocurrency seizure, worth more than $7.3 billion
Metropolitan Police said Zhimin Qian of no fixed address pleaded guilty Monday to charges of acquiring criminal property and possessing criminal property, with the property in both offenses being cryptocurrency.
The charges stem from allegations that Qian, also known as Yadi Zhang, orchestrated a massive fraud scheme in her native China, defrauding more than 128,000 victims between 2014 and 2017.
Authorities said she stored the illegally obtained funds in Bitcoin assets. She fled to Britain in September 2018 with the use of false documents and attempted to launder the proceeds by purchasing property.
